Why do high-income earners all love to evade taxes? In China, once an individual’s comprehensive income exceeds 960k, the personal income tax rate needs to be paid at 35-45%. Bai Bing paid 9.11 million yuan less in taxes over 4 years. Judging by the top bracket tax rate, the amount of funds that were seized is about in the range of 3-4500 million yuan. According to the compliant route, a revenue of 40 million yuan would require paying 14-18 million yuan in taxes. But after going through shell companies once, you can reduce it by several million. If it were me, I wouldn’t want to pay 🌚.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments